![]() ![]() With all that and plenty more, trying to maintain independent inventory levels for an entire store can easily be overlooked or placed on the "oh I'll get to that tomorrow when I have more time" list.Ī large portion of small retailers cash is invested in inventory to sell. ![]() On any given day you could be updating a balance sheet, working on advertising, interacting with customers, and constructing employee schedules for the coming weeks. ![]() Trying to run a small business is a tricky task that requires owners to be a jack-of-all-trades. This model was initially created for large companies to manage inventory but the same principals can be applied to small retail locations as well. The reorder point model works best with retailers that have available information on their point of sale system. Advanced Inventory Management - Reorder Point Model ![]()
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